Net profit halved! Trillion-yuan PCB leader falls 12%, Victory Giant Technology responds: due to investment losses.

The reporter called Victory Giant Technology as an investor, and the staff member who answered said that the company has some non-recurring gains and losses, stemming from its participation in A-share and Hong Kong IPO projects of some industry-chain partners. On the one hand, this was to strengthen mutual cooperation, and on the other hand, to support the partners' listings; some partners also participated in the company's Hong Kong project, and the company made timely investments accordingly. The investment generated floating gains in the second quarter, then turned to partial floating losses in the third quarter as market performance was poor. As of the end of the third quarter, the company still held some of the relevant equity. The staff member added that the company has recently revised its securities investment management system and will subsequently strengthen internal preliminary research and risk assessment for stock investment projects. In the future, the securities investment business will apply more prudent risk control standards to avoid performance shocks caused by secondary-market volatility. The person also stressed that the company's non-recurring net profit has maintained growth both quarter-on-quarter and year-on-year; current order visibility is at a historically high level, customer demand remains relatively sufficient through 2027 and 2028, and the company is actively expanding production capacity.